The resulting proposal, approved by the interim government, was heavily rewritten in the Parliament and transformed into the so-called Power Act (Finnish: Valtalaki, Swedish: Maktlagen), in which it declared[1] itself now having all powers of legislation, except in respect of foreign policy and military issues, and also that it could be dissolved only by itself. At the time of voting it was believed that the Interim Government would be defeated. The Interim Government sustained, did not approve the act and dissolved the Parliament.

After new elections and the defeat of the interim government, on 5 November, the Parliament declared itself to be "the possessor of supreme State power" in Finland, based on Finland's Constitution, and more precisely on §38 in the old Instrument of Government of 1772, which had been enacted by the Estates after Gustav III's bloodless coup.

The old Instrument of Government was however no longer deemed suitable. Leading circles had long held monarchism and hereditary nobility to be antiquated, and advocated a republican constitution for Finland.

The Senate of Finland, the government the Parliament had appointed in November, came back to the Parliament with a proposal for a new republican Instrument of Government on 4 December. The Declaration of Independence was technically given the form of a preamble of the proposition, and was intended to be agreed by the Parliament. Parliament adopted the Declaration on 6 December.

With reference to the declaration of 15 November, the declaration says:

The people of Finland have by this step taken their fate in their own hands; a step both justified and demanded by present conditions. The people of Finland feel deeply that they cannot fulfil their national and international duty without complete sovereignty. The century-old desire for freedom awaits fulfilment now; Finland's people step forward as a free nation among the other nations in the world. (...) The people of Finland dare to confidently await how other nations in the world recognize that with their full independence and freedom, the people of Finland can do their best in fulfilment of those purposes that will win them a place amongst civilized peoples.

At the Finnish Parliament session today, has the Finnish Senate by its chairman forwarded to the Diet, among other things, a Proposition for a new form of government for Finland. By submitting the draft to the Parliament, has the Finnish Senate chairman on behalf of the Finnish Senate stated:

The Finnish Parliament has on 15th day of the last November, in support of Section 38 of the Constitution, declared to be the Supreme holder of the State Authority as well as set up a Government to the country, that has taken to its primary task the realization and safeguarding Finland’s independence as a state. The people of Finland have by this step taken their fate in their own hands: a step both justified and demanded by present conditions. The people of Finland feel deeply that they cannot fulfil their national duty and their universal human obligations without a complete sovereignty. The century-old desire for freedom awaits fulfilment now; The People of Finland has to step forward as an independent nation among the other nations in the world.

Achieving this goal requires mainly some measures by the Parliament. Finland’s current form of government, which is currently incompatible with the conditions, requires a complete renewal and therefore has the Government now submitted a proposition for a new Constitution to the Parliament’s council, a proposition that is based on the principle that Finland is to be a sovereign republic. Considering that, the main features of the new polity has to be carried into effect immediately, the Government has at the same time delivered a bill of acts in this matter, which mean to satisfy the most urgent renewal needs before the establishment of the new Constitution.

The same goal also calls for measures from the part of the Government. The Government will approach foreign powers to seek an international recognition of our country’s independence as a state. At the present moment this is particularly all the more necessary, when the grave situation caused by the country’s complete isolation, famine and unemployment compels the Government to establish actual relations to the foreign powers, which prompt assistance in satisfying the necessities of life and in importing the essential goods for the industry, are our only rescue from the imminent famine and industrial stagnation.

The Russian people have, after subverting the Tsarist Regime, in a number of occasions expressed its intention to favour the Finnish people the right to determine its own fate, which is based on its centuries-old cultural development. And widely over all the horrors of the war is heard a voice, that one of the goals of the present war is to be, that no nation shall be forced against its will to be dependent on another (nation). The Finnish people believe that the free Russian people and its constitutive National Assembly don’t want to prevent Finland’s aspiration to enter the multitude of the free and independent nations. At the same time the People of Finland dare to hope that the other nations of the world recognizes, that with their full independence and freedom the People of Finland can do their best in fulfilment of those purposes that will win them an independent position amongst the people of the civilized world.

At the same time as the Government has wanted to let all the Finnish citizens to know these words, the Government turns to the citizens, as well as the private and public authorities, calling everyone on their own behalf with rapt attention to follow the (law and) order by filling their patriotic duty, to strain all their strength for achieving the nations common goal in this point of time, which has such an importance and decisiveness, that there have never before been in the life of the Finnish people. In Helsinki, 4 December 1917.

Hardship burdened the common people, which already had resulted in alarming polarization, and soon would ignite the Civil War. The declaration actually addresses this problem:

The Government will approach foreign powers to seek the recognition of our political independence. All the complications, famine and unemployment ensuing from the present external isolation make it urgent for the Government to tie direct contacts with foreign powers without delay. Urgent, concrete assistance in the form of necessities for living and industry is our only rescue from imminent famine and industrial standstill.

The 90th Anniversary of Finland's Declaration of Independence was recently selected as the main motif for the €5 90th Anniversary of Finland's Declaration of Independence commemorative coin, minted in 2007. The reverse shows petroglyph aesthetics, while the obverse has a nine-oar boat with rowers as a symbol of a true Finnish trait: collaboration. You can also distinguish signs of music and Finnish zitherin strings in the coin's design.